XRP is currently trading at $2.17, reflecting a modest 1.32% increase over the past 24 hours. The daily range shows a high of $2.24 and a low of $2.14, indicating a relatively stable price movement with a narrow daily range of 0.1%.

The trading volume stands at approximately 5.21 billion, contributing to a volume-to-market cap ratio of 3.98%. This volume suggests a healthy level of trading activity, although the RSI metrics indicate bearish sentiment with the 1-hour RSI at 45 and the 7-day RSI at 43, both below the neutral threshold of 50.

XRP has experienced a notable decline over the past week, with a 7-day price change of -9.18%, reflecting bearish pressure. The 14-day and 30-day price changes of -2.09% and -8.95%, respectively, further suggest ongoing downward momentum, indicating a lack of bullish conviction in the short to medium term.

Technical indicators show that the short-term moving averages (8, 13, and 21 SMA) are currently below the current price, but they are trending downwards, signaling potential resistance ahead. The 144 SMA at $2.27 is also a key resistance level, with a significant decline of 4.31%, highlighting the challenge for XRP to gain upward traction.

Considering the current technical setup and the overall bearish sentiment reflected in the RSI and recent price action, the outlook for XRP remains cautious. Despite its potential for recovery, the prevailing indicators suggest it may struggle to reclaim previous highs in the short term.

Based on this analysis, I recommend a Hold rating on XRP. The market conditions do not support a strong buying opportunity at present, and maintaining positions while monitoring for further developments may be prudent.